A project grant awarded under 64 PA.C.S. § 1551(f) (relating to business in our sites program) shall not exceed 40% of the total amount of financing awarded by the board of directors of the authority for the project or $4,000,000, whichever is less. No more than one-third of the funds made available for the program authorized by 64 PA.C.S. § 1551, including loan repayments and funds transferred pursuant to this act, may be used for all project grants.
72 P.S. § 1603-K